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94 CALIFORNIA The Long-Term Impact of Camp Wildfire e source of California's Camp Fire, which burned more than 150,000 acres and killed 85 people, has been identified as electrical transmission lines owned and operated by utility giant Pacific Gas and Electric (PG&E). e fire in Northern California's Butte County burned more than 150,000 acres and killed 85 people. "After a very meticulous and thorough investigation, CAL FIRE has determined that the Camp Fire was caused by electri- cal transmission lines owned and operated by Pacific Gas and Electricity located in the Pulga area of Butte County," Califor- nia fire officials said in a statement. According to analysis by CoreLogic, the Camp and Woolsey fires left behind a trail of losses between $15 billion and $19 billion after being contained in late November 2018. e report contains the updated residential and commercial loss estimates from the wildfires based on the latest post-containment perimeter of both the Camp and Woolsey Fires. e analysis recorded a total loss in the range of $11 billion and $13 billion from the Camp Fire, the most destructive wildfire in the state's history. Additionally, losses from Woolsey Fire in Southern California are estimated to be between $4 billion to $6 billion. Residential and commercial prop- erties account for building, contents, and additional living expenses. e estimated losses include damage caused by fire, smoke, demand surge, and debris removal. e residential loss from the Camp fire alone is between $8 billion to $9 billion. Woolsey fires ravaged infrastructure worth $3.5 to $5.5 billion in the residential space and $0.5 billion in commercial losses. Since fire is covered under a standard homeowners' policy, the majority of home- owners were likely to have some protection from the financial challenges surrounding recovery, the analysis indicated. As part of FEMA's federal aid program to help those affected by the fire, a loan of up to $2 million was made available for business property losses not fully compensated by insurance. e number of acres burned the past year is the eighth highest in U.S. history as reported through November 30, 2018. Per a CoreLogic report, a total of 11 western states in the U.S. had at least one wild- fire that exceeded 50,000 burned acres; the leading states being California and Oregon. Streamlining Workflows CoreLogic, a global property informa- tion, analytics, and data-enabled services provider, has announced that their Fact- Check income calculation and analysis solution and Property Tax Estimator re- port are now available on the LendingQB Loan Origination System (LOS). When combined with the previously existing CoreLogic integrations on the Lend- ingQB LOS, Instant Merge credit report, Flood Determination services, LoanSafe reports, income verification and valua- tion solutions, these two new integrations provide LendingQB users with an end-to- end underwriting solution from a single provider. Property Tax Estimator is designed to significantly increase the accuracy of Loan Estimates, reduce compliance risk and improve the customer experience. By delivering highly accurate tax data early in the process, Property Tax Estimator also helps underwriters qualify the borrower's ability to financially support all mortgage costs and improves the onboarding process for servicers. Additionally, it eliminates the need for any specialized skills required for data procurement and provides a consistent workflow process no matter the property, exemption status, county excep- tion complexity, and loan officer tenure. "e inclusion of FactCheck and Prop- erty Tax Estimator on LendingQB con- tinues our mission of providing mortgage professionals with the most comprehensive suite of products on the most innovative platforms in the industry," said Kevin Mullins, Principal, Business Development for CoreLogic. "With these new integra- tions, LendingQB users will now be able to better streamline their workflows with an integrated end-to-end underwriting solution from CoreLogic." LendingQB is a software system that consolidates all aspects of mortgage lend- ing into a single, fully integrated plat- form. From loan origination to funding, LendingQB is an end-to-end system that leverages the power and cost-efficiency of web-based computing for a smoother, more efficient mortgage lending workflow. "CoreLogic has always been tremen- dously supportive of LendingQB. ey've constantly strived to utilize our Open API to give lenders innovative products to originate loans with ease," said Tim Nguyen, CEO and co-founder of Meridi- anLink. "e addition of the FactCheck and Property Tax Estimator tools has suc- cessfully created a full suite of innovative products providing our current and future clients with an end-to-end underwriting solution from a service provider we all trust." New Partnerships for Correspondent Lending Ellie Mae recently announced the expansion of Encompass Investor Connect with partnerships that now include 7 of the 10 largest correspondent investors and representing more than half of all closed loan delivery volume. Ellie Mae has established partnerships with correspondent investors AmeriHome, Flagstar Bank, Franklin American Mort- gage, Mr. Cooper, NewRez (formerly New California Handling REOs and Corporate Owned Assets for Over 25 Years Joyce Essex Harvey & Sean Freeman Coldwell Banker Residential Brokerage 310.720.9067 (c) 310.777.6375 (o) Joyce@EssexHarvey.com EssexHarvey.com Woman-Owned Business Serving Los Angeles County CalDRE#00935813/01366376 Puerto Rico Real Estate Opportunities Lic. E-109 Based in San Juan, Puerto Rico OFFICE: 787.763.7202 | CELL: 787.309.3452 FAX: 787.282.0461 Gretchen@REOPuertoRico.com REOPuertoRico.com Gretchen García Lic 16825 Broker/Owner

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